Investment Manager Selection Analyst- Hedge Fund Investment Due Diligence

Bank of America • New York, NY

4d • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: Conducts primary manager due diligence; both initial and ongoing on mutual fund and separate account vehicles. Primary responsibility includes maintaining the integrity of Domestic Equity, Fixed Income or International Equity investment manager rosters. The Investment Manager Selection Analyst - Hedge Fund Investment Due Diligence will support the Chief Investment Office’s Investment Manager Selection team in evaluating, monitoring, and reporting on hedge fund strategies across Bank of America’s wealth management platforms. The role includes ongoing oversight of existing managers, contributing to the sourcing and assessment of new hedge fund opportunities, preparing written analyses for internal and client audiences, and assisting with risk reviews and portfolio reporting. Responsibilities: The position sits within Chief Investment Office Investment Manager Selection (CIO DD). The Hedge Fund Investment Due Diligence team within CIO DD is dedicated to identifying the best hedge fund strategies to fulfill client asset allocation mandates across the Bank of America wealth management platforms. CIO DD supports Merrill and Private Bank clients and associates. This position will be based in New York City and responsibilities include: Monitors existing hedge funds on Bank of America’s wealth platforms, and tracks and maintains portfolio information and other related data. Contributes to the sourcing and initial due diligence of prospective Hedge Funds, including evaluating stated strategies, investment processes, risk controls, team capabilities, fund particulars (such as structure, fees, liquidity terms and other factors) and an array of quantitative measures. Prepares written findings and presents those findings to business partners, Financial Advisors, and clients. Prepares commentary and data on hedge funds for use in Financial Advisor-facing publications. Tracks and assesses risk data, constructing investment reports, and assists in various projects. Fosters a positive culture and work environment for all teammates

Requirements

• 3-5+ years of experience in the financial sector.
• Demonstrated ability to interpret statistics such as returns (measured over different time periods and market conditions) and risk measurements.
• Passionate interest in investments or finance and strong analytical, research, and organizational skills.
• Strong written and oral communication skills.
• Superior attention to detail and the ability to independently manage multiple projects in an accurate and timely manner.
• Team player with a desire to work in a collegial environment.
• Series 7 and Series 66 (or Series 63 & 65) required, or ability to obtain within 120 days of hire.

Nice To Haves

• An undergraduate degree from a top-tier educational institution.
• CFA designation, or progress towards the CFA designation.
• Strong quantitative and modeling skills and experience.

Responsibilities

• Monitors existing hedge funds on Bank of America’s wealth platforms, and tracks and maintains portfolio information and other related data.
• Contributes to the sourcing and initial due diligence of prospective Hedge Funds, including evaluating stated strategies, investment processes, risk controls, team capabilities, fund particulars (such as structure, fees, liquidity terms and other factors) and an array of quantitative measures.
• Prepares written findings and presents those findings to business partners, Financial Advisors, and clients.
• Prepares commentary and data on hedge funds for use in Financial Advisor-facing publications.
• Tracks and assesses risk data, constructing investment reports, and assists in various projects.
• Fosters a positive culture and work environment for all teammates

Benefits

• This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
• This role is currently benefits eligible.
• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level